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The property concerns a three-storey mixed-use building in Geroskipou. It is located on Sotiri Papalazarou street, parallel to Archiepiskopou Makariou III avenue, 700m from Pafiako Stadium and about 900m from Geroskipou Town Hall.
The property is situated in a plot with a total land area of 530sqm. It comprises of 7 units in total. A ground floor shop with mezzanine, two studio apartments in the mezzanine, two 2-bedroom apartments on the first floor and two 2-bedroom apartments on the second floor.
The ground floor has total area of 186sqm and a mezzanine of 94sqm, which has been divided into two shops.
There are two studio apartments on the mezzanine with 34sqm internal area each. They consist of an open plan area with as small kitchen and a separate bathroom.
On the first floor there are two 2-bedroom apartments with internal area of 78sqm and 42sqm of uncovered verandas each.
On the second floor of the property there are two 2-bedroom apartments with internal area of 78sqm and a covered veranda of 10sqm each.
The immediate area of the property consists of mixed use, commercial and residential units. In close vicinity of the property, there are multiple amenities such as shops, supermarkets, offices, and schools.
Separate Title Deeds exist for each unit. The property is currently occupied.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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